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Colombian Homebuyers Dominate South Florida Real Estate Market

House hunters from Colombia led international web searches for South Florida real estate in May, closely followed by Germany and Canada, according to a report by the MIAMI Association of REALTORS® (MIAMI).

Potential buyers from 149 countries browsed MiamiRealtors.com, which features three consumer-facing property-search portals, in May. Colombia, a consistent leader in South Florida’s international property market, has ranked among the top two countries searching for Miami real estate for the past 26 months.

“Miami real estate used to rely on different waves from various countries depending on their economic growth,” said 2024 MIAMI Chairman Gus Fonte in a statement. “That’s no longer the case. If one global market slows down, our market still attracts demand from many others. We are seeing interest from home buyers around the world.”

The top 10 countries searching MiamiRealtors.com in May were:

  1. Colombia
  2. Germany
  3. Canada
  4. Argentina
  5. United Kingdom
  6. Spain
  7. India
  8. Venezuela
  9. China
  10. Russia

Domestically, Virginia became the leading state searching for Miami real estate, surpassing Georgia, which had held the top spot for 14 consecutive months starting in February 2023.

The top 10 U.S. states searching MiamiRealtors.com in May were:

  1. Virginia
  2. Georgia
  3. New York
  4. Ohio
  5. Michigan
  6. California
  7. North Carolina
  8. Indiana
  9. Kansas
  10. Texas

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